PMP Exam Simulator

Duration

Questions

Accelerate Mock ExamDisplay correct answer

PMP exam lasts 230min and has 180 questions

Use acceleration to have extra 30m in reserve on exam

Cost Management

The project manager is in the middle of preparing the cost management plan for his project. Which statement is FALSE about the cost management plan?

The WBS provides a framework for the cost management plan and a control account (CA) in the WBS is used to monitor and control the project cost.

Activity cost estimates will be rounded to a prescribed precision (as $100, $1,000...).

Units of measurement such as hours, days, weeks or a lump sum amount will be used to estimate resources.

The primary concern is to determine the amount of resources to complete the project activities.